First-mover Advantage

Definition

Sometimes an insurmountable advantage gained by the first large company to enter a new market.

Information

It is important to note that the first mover advantage applies to the first major company to enter the market, not just the first company. For example, it may not have been the first online bookseller, but it was the first major company to enter the online book market.

The first-mover advantage was originally touted as crucial to the internet economy, but there is now a growing backlash against it. The first mover advantage can help increase market share, but can potentially lead to business success.

Ultimately, pioneering only makes sense if the rewards justify the risks. Some industries reward pioneers with monopoly positions and large profits. Other industries do not offer comparable rewards, allowing new entrants to compete better and more effectively with new entrants.

Literal Meanings of First-mover Advantage

First:

Meanings of First:

First a person or thing.
First engine gear.
Something that has never happened before the new event.
First base.
First degree diploma with distinction.
Copy of the first issue of the publication.
The fraction of an integer that ends in one.
For any other series or species, the serial number of the oldest.
The most important or sublime, the most excellent, the highest.
First of all first.
First time.
A grace is provided.

Sentences of First

He was the first to complete the course.
This is the first time. This time he has nothing to say.
It was a difficult game in the beginning.
Forty-one stands.
I was the first runner to cross the finish line and win the race.
Demosthenes was the first Greek orator.
Wash out the sink before you even think about cooking.
I first witnessed when I was nine years old.

Mover:

Meanings of Mover:

Something or someone moves.
Dancer.
A person hired to help people move their belongings from one house to another.
The person making the request during the session.

Advantage:

Meanings of Advantage:

Any circumstance, circumstance, opportunity, or means particularly conducive to success or to the desired goal.
Domain of Excellence - Used with or to indicate its kind, or over to indicate the other side.
The superiority of the state, or whatever gives it an advantage, produces profit.
An outcome where the player gets one point after two points, but needs the next one to win the game.
Continue to play after a foul against the attacking team because the attacking team is in a favorable position.
Interest on money increases the surplus (as thirteenth on a dozen bakers).
Give (someone) an advantage.
Do something for your own benefit and take advantage of it.